Wednesday, April 27, 2005

Moving money

It's hard to move money around remotely. We have two choices:
  1. Send our New Mexico bank a signed authorization to wire the money to Australia. This authorization has to be "FedExed" which we worry about for obvious reasons (read earlier entries!)
  2. Transfer money to another US bank that will accept a faxed authorization to wire money to Australia.
Method 1 takes about 5 days - the time to FedEx a document to New Mexico from Sydney. Method 2 has to be done in 4 chunks, one per day, and the funds only become available on the third business day. AND the money has to be in Australia next Monday, which is Sunday in the US. Pop quiz - which do you choose?

Vicky pointed me to a firm that helps with some type of transfers and which may be useful in the future but which cannot help with this particular problem.

Our choice was 2, of course, not wanting to be traumatized again by FedEx. It's going ok so far.

Tim

1 comment:

Anonymous said...

Vicki pointed me to a firm that helps with some type of transfers and which may be useful in the future but which cannot help with this particular problem.

Sorry to hear they couldn't help you. Hope all goes well with the "non-FedEx method"!